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Sept. 29, 2021, 4:11 p.m. EDT

Nasdaq Composite books 4th straight loss as stock-market rebound fades in final hour of Wednesday trade

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By Mark Decambre

U.S. stock-market benchmarks closed slightly higher but well off the best levels of Wednesday's trade as Wall Street attempted to recover some of the losses from Tuesday's yield-fueled rout. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.17% closed up by about 90 points, or 0.3%, to 34,391, on a preliminary basis; the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.84% advanced 0.2% to around 4,359, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.92% declined 0.2% at 14,512 to mark the fourth straight decline. Renewed concerns about too-hot inflation, which could force the Federal Reserve to ramp up interest-rate hikes, is causing friction in equity markets. The 10-year Treasury note yields [ss: BX:TMUBMUSD10Y] 1.540%, up from 1.534% on Tuesday. A number of other concerns, including those centered on the debt limit and the worries about weakening economic output, are also buffeting bulls.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,580.08
-59.71 -0.17%
Volume: 444.85M
Dec. 3, 2021 5:35p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,538.43
-38.67 -0.84%
Volume: 2.71B
Dec. 3, 2021 5:35p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,085.47
-295.85 -1.92%
Volume: 4.96M
Dec. 3, 2021 5:16p
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